Real Estate News on Business Daily

The State Farm Mutual Automobile Insurance Company has announced the election of Kenneth J. Worzel as the Non-Executive Chair of its Board of Directors.

State Farm has announced new initiatives to enhance its investment in women's sports, focusing on basketball.

As temperatures plummet, the risk of frozen water pipes becomes a concern for households in both cold and milder climates.

According to the National Fire Protection Association (NFPA), Thanksgiving Day sees more home cooking fires in the United States than any other day of the year.

A recent report from Boston Consulting Group (BCG) announced the tokenized property market is projected to reach $3.2 trillion by 2030.

A September 17 report from Norada predicted a significant rise in home sales for 2025, with estimates suggesting that 5.4 million homes could be sold, marking a notable increase from the 2024 projections.

A new law in California, Senate Bill 1107, mandates an increase in the minimum limits of motor vehicle liability insurance coverage. This change affects private passenger autos, commercial businesses, and recreational vehicles. The law will be implemented starting January 1, 2025.

State Farm has responded to the devastation caused by Hurricanes Helene and Milton, prioritizing the safety of those affected. The company has mobilized agents and employees to assist customers and communities impacted by the storms.

State Farm has announced its readiness to assist customers affected by Hurricane Milton. The insurance company emphasizes its commitment to supporting policyholders during challenging times, offering guidance and assistance beyond standard coverage.

State Farm, a prominent insurer in California since 1928, is navigating the state's challenging insurance market. The company supports California's Sustainable Insurance Strategy and efforts by the California Department of Insurance (CDI) to implement it.

State Farm has announced the recipients of its Good Neighbor Firefighter Safety Program grants, awarding $1 million to 100 volunteer fire departments. Each department will receive a $10,000 grant to purchase equipment aimed at enhancing safety, communications, and operations. Volunteer firefighters constitute over 65% of all firefighters in the United States and are crucial in protecting communities, particularly in small towns and rural areas.

State Farm has reported receiving approximately 96,300 claims following the impact of Hurricane Helene across 14 states. The claims predominantly involve auto damage due to flooding and rising waters, as well as homeowner claims related to wind damage. Georgia, South Carolina, Florida, and North Carolina have the highest number of claims.

Data released by State Farm indicates that the odds of U.S. drivers hitting an animal this year are 1 in 128, a slight decrease from last year's 1 in 127. State Farm, the largest car insurer in the U.S., estimates over 1.8 million auto insurance claims involving animal collisions were filed across the industry from July 1, 2023, to June 30, 2024.

In the wake of the 2023 Maui Wildfires, State Farm has been actively involved in aiding recovery efforts for affected policyholders and the broader community. The wildfires, which began on August 8, 2023, caused significant damage across Maui, including the historic town of Lahaina. According to NBC News, over 2,200 buildings were damaged, more than 2,000 acres of land were affected, and 102 lives were lost.

State Farm is prepared to respond to Hurricane Francine, with the State Farm Catastrophe Team deploying to the Gulf Coast for a strategic response. Team members will be on-site to assist residents during their initial recovery efforts.

BLOOMINGTON, Ill., (July 17, 2024) — The world’s first “all things gaming” neighborhood has returned with a new look and feel for season 3, set in the futuristic and cyberpunk-inspired Neo City.

Valencia Giles always had a passion for music growing up and later discovered she had the gift of teaching. Together with her husband, Ozzie, they started the award-winning Lawrenceville-Suwanee School of Music in Metro Atlanta. A small business that began with 30 students now serves more than 1,200. They run two schools and are looking to add a third.

The State Farm mobile workforce trained to handle catastrophe claims is activating their on-site response for Hurricane Debby. Helping the residents of the impacted areas is the first critical step on the road to recovery.